The Million Dollar Idea
If you give me a just a quick few minutes, I can show you a way to create these ideas and act on them every day.
A lot of ideas aren’t worth the extra effort to put into them, and that is what stops most people. Have you every watched the late night infomercials and thought to yourself, Heh, I could of came up with that? Of course you did! Then why don’t you?
Where there is opportunity.
Most people don’t have the will to actually follow through with their idea, others just aren’t capable of doing so. This leaves the market open to you right now!
The key word in the above sentence is “follow through”. An idea is just an idea, if you don’t follow through with it.
“Foundation 4″ how to begin building your new empire: The Foundation is exactly as it sounds- The foundation to your empire! If your going to build a building, you might as well build a skyscraper. Don’t be so quick to throw the roof on….
1. There is something that already exist, yet the presence is virtually unknown until today.
2. Invent or Create Something New, most inventions are pieces of other inventions put together in a new way.
3. Change the way something is already put together for the better.
4. The famous “Niche” a niche is a certain segment you which to focus on.
As you come up with your ideas, carry around the “Million Dollar Journal” . Mine is just a little notepad that you can pick up for less than a dollar. For less than a dollar, your future million dollar idea lies within your reach. but first…
Here is a few pointers to get your little pad filled up:
- What can be done to satisfy more clients?
- Why should it be improved?
- Who will benefit from it?
- What is wrong with it right now?
- Did someone else cause a problem with it?
- How would you improve it or make better?
- Do you have the proper area or facilities to do it?
- Do you have the knowledge to fix the problem?
- What part would make it better?
- Is it the right size?
- Should you make it bigger, smaller?
- Is it the right shape?
- Are the colors correct?
- Could it be combined with something else?
- Is it priced to high?
- Can a new marketing plan help?
- Is it safe?
- What could you change to make it appeal to a bigger audience?
- Could it be Franchised?
Those are just a few to get your pad filled up. After you have million dollar pad filled out. Start gathering all your sporadic notes, put them into files at your home office. Product, Price, Place, Promotion (these are the 4 P’s) Take your time reviewing what you have came up with. What new ways of doing business have you created? What niche have you found? Remember my notes above of what I like to call The “Foundation 4″ Do what the other people below have done?
Spanx: Visit Here- Check out The Sarah Blakely Story. She clearly had a “Million Dollar Idea” and was the Entrepreneur of the Year in 2002!
Russell Brunson: How to make a potato gun – Crazy Idea Right? This was a niche and he found buyers! Russell Brunson has taken his idea’s and made a very good income for himself, VERY GOOD.
